I've run an Arcam AV40 as my HT receiver for two years now. I also tried various Denon and Marantz models prior. To me, it's one of the better if not best receivers for sound quality both for HT and also for music. The challenge with the AV40 is it's a pure processor, so requires external amplification which adds significant cost.
I did have a few bugs early on but after some updates, it's been extremely stable and reliable. More features than I'd ever use but better to have it and not need it. While it's nowhere near the level of my 2-channel setup, it's actually not bad at all in that function. Certainly better than most HT receivers.